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WASHINGTON: The U.S. unemployment rate fell to a nine-year low of 4.6 percent in November, as employers added another 178,000 jobs, making it almost certain that the Federal Reserve will raise interest rates later this month.
WASHINGTON: U.S. employment gains surged in February, the clearest sign yet of labor market strength that could further ease fears the economy was heading into recession and allow the Federal Reserve to gradually raise interest rates this year.
WASHINGTON: U.S. private employers added the smallest number of workers in more than a year in March and factory activity hit a near two-year low, fresh signs that economic growth slowed significantly in the first quarter.
TOKYO: Asian shares were on track for their biggest daily gain in six weeks on Friday after the European Central Bank outlined its plan to calm the euro zone's debt crisis and firm U.S. data fed speculation of a strong jobs report later in the day.
The dollar continued to lose ground Thursday, with the euro now poised to break above the key $1.24 level and encouraging U.S. economic data no longer able to give the greenback much support.The euro advanced to a fresh 9-week high versus the dollar and a 15-week high against the yen as the dollar mostly declined against its major rivals in technically driven trading.
NEW YORK: Major U.S. stock indexes closed little changed on Thursday, even as declining names outnumbered advancers, ahead of job market data seen as key to determine whether the Federal Reserve will raise rates before the end of the year.
LONDON: Stock markets rose on Monday and the dollar extended gains as risk appetite revived following strong U.S. job figures that bolstered expectations of faster growth in the world's biggest economy.